Self-storage financing
Life Company Loans for Self-Storage Properties
Self Storage Financing Offered by Life Companies. Life companies are often the most competitive option for larger balance ($10 million or more) commercial real...
Updated July 24, 2026
The program terms on this page were published in 2022 and are kept here for reference. Loan sizing, leverage, and pricing move with rates and lender appetite, so treat them as background rather than a current quote. For live terms on a specific self-storage deal, ask the desk for a quote.
Life companies are often the most competitive option for larger balance ($10 million or more) commercial real estate loans for properties including office buildings, retail centers, single-tenant retail, and, most importantly, self-storage facilities. As an alternative to GSE financing options, life companies generally focus more on the highest class and quality assets and therefore are very selective when it comes to underwriting a loan. These financing vehicles are provided by one, or a group, of life insurance companies.
2022 Commercial Mortgage Terms for Life Company Loans
- Minimum Loan: $2 million
- Term: 10 to 25 years
- Leverage: Up to 75% LTV
- Amortization: 25 years
- Minimum DSCR: 1.25x
- Recourse: Nonrecourse options available (with standard carve outs)
- Prepayment: Penalties assessed, regular or soft step downs possible
Advantages
- Competitive interest rates
- Long loan terms
- Larger loan sizes allowed
- Early rate locks often available
Disadvantages
- Comparatively low LTV allowance
- Difficult to get loans on non-premium real estate
- Often requires a hard cash down payment
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